SEMPRA 5-Year Capital Plan
Adjusted Earnings (Losses) by Business Units
(Unaudited)
(Dollars in millions)
GAAP Earnings (Losses)
Equity losses from a write-off of rate base disallowances resulting from the PUCT's final
order in Oncor's comprehensive base rate review
Impact from foreign currency and inflation on our monetary positions in Mexico, net of
$135 income tax expense and ($51) for NCI
Net unrealized gains on commodity derivatives, net of $85 income tax expense and $126
for NCI
Net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1
project, net of $6 income tax benefit and ($10) for NCI
Adjusted Earnings (Losses)
Three months ended March 31, 2023
Sempra
Texas
Sempra
Utilities Infrastructure
SDGE
SoCalGas
Sempra
California
$
258 $
360 $
618 $
Parent &
Other
Total
Sempra
83 $
315 $
(47) $
969
44
44
109
109
(217)
(217)
17
224 $
17
(47) $
922
$
258 $
360 $
618 $
127 $
Three months ended March 31, 2022
GAAP Earnings (Losses)
Impact associated with Aliso Canyon litigation, net of $26 income tax benefit
Impact from foreign currency and inflation on our monetary positions in Mexico, net of $70
income tax expense and ($20) for NCI
Sempra
SDGE
$
234 $
SoCalGas
334
66
Sempra
California
Texas
Utilities
Sempra
Infrastructure
Parent &
Other
Total
Sempra
$
568
66
$
162 $
95 $
(213) $
612
66
75
75
Net unrealized losses on commodity derivatives, net of $20 income tax benefit and ($17)
for NCI
51
51
Deferred income tax expense associated with the change in our indefinite reinvestment
assertion related to the sale of NCI to ADIA
120
120
Adjusted Earnings (Losses)
$
234 $
400 $
634 $
162 $
221 $
(93) $
924
1.
Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses for our investment in Oncor
Holdings net of income tax.
SEMPRA 30View entire presentation